Nutex Health Inc. (NASDAQ:NUTX) Short Interest Update

Nutex Health Inc. (NASDAQ:NUTX) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 178,800 shares, a drop of 82.6% from the March 31st total of 1,030,000 shares. Based on an average daily volume of 275,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Nutex Health

Institutional investors and hedge funds have recently bought and sold shares of the business. Scissortail Wealth Management LLC acquired a new position in Nutex Health in the third quarter valued at approximately $214,000. One Plus One Wealth Management LLC boosted its holdings in shares of Nutex Health by 2,017.5% in the first quarter. One Plus One Wealth Management LLC now owns 5,293,720 shares of the company’s stock valued at $508,000 after acquiring an additional 5,043,720 shares during the period. Beaird Harris Wealth Management LLC raised its stake in shares of Nutex Health by 210.0% during the fourth quarter. Beaird Harris Wealth Management LLC now owns 930,282 shares of the company’s stock worth $167,000 after purchasing an additional 630,168 shares during the last quarter. Truist Financial Corp raised its stake in shares of Nutex Health by 86.0% during the fourth quarter. Truist Financial Corp now owns 4,367,317 shares of the company’s stock worth $786,000 after purchasing an additional 2,018,966 shares during the last quarter. Finally, GDS Wealth Management raised its stake in shares of Nutex Health by 98.2% during the fourth quarter. GDS Wealth Management now owns 1,110,051 shares of the company’s stock worth $200,000 after purchasing an additional 550,026 shares during the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Nutex Health Price Performance

NUTX traded down $0.02 on Thursday, hitting $0.65. 183,296 shares of the company’s stock were exchanged, compared to its average volume of 240,932. Nutex Health has a fifty-two week low of $0.50 and a fifty-two week high of $9.30. The company has a current ratio of 1.56, a quick ratio of 1.50 and a debt-to-equity ratio of 3.04. The firm has a 50-day moving average price of $1.37 and a 200-day moving average price of $2.36. The stock has a market cap of $32.46 million, a price-to-earnings ratio of -0.54 and a beta of 0.44.

Nutex Health (NASDAQ:NUTX) last issued its quarterly earnings data on Thursday, March 28th. The company reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $69.67 million during the quarter. Nutex Health had a negative net margin of 18.49% and a negative return on equity of 45.58%.

Wall Street Analyst Weigh In

Separately, Benchmark dropped their price target on shares of Nutex Health from $22.50 to $15.00 and set a “buy” rating on the stock in a research note on Thursday, January 25th.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.